KLCI stays in the red, Tenaga, CIMB weigh – Business News

KUALA LUMPUR: Blue chips stayed in the red throughout Tuesday as investors decided to reduce their risk appetite, in line with the cautious key Asian markets, using the excuse about the uncertainty in the 90-day US-China trade conflict truce.

At 5pm, the FBM KLCI was down 4.73 points or 0.28% to 1,694.99. Turnover was 2.44 billion shares valued at RM2.08bil. There were 282 gainers, 525 losers and 361 counters unchanged.

Hong Kong stocks edged up, but excitement stemming from the ceasefire in the Sino-US trade war has faded, with investors shifting their attention to economic fundamentals, Reuters reported.

Tenaga fell 16 sen to RM14.14 and wiped out 1.62 points from the KLCI, Genting lost eight sen to RM6.51 but GentingM gained five sen to RM2.96. Sime Darby lost six sen to RM2.38 and erased 0.7 points.

Sime Plantations lost 11 sen to RM4.83 and wipe 1.33 points, KL Kepong declined six sen to RM24.44, PPB Group was flat at RM17 but IOI Corp climbed nine sen to RM4.39.

Telekom climbed 14 sen to RM2.56, Digi gained three sen to RM4.32, Axiata was flat at RM3.95 while Maxis shed two sen to RM5.50.

As for oil and gas stocks, Dialog lost four sen to RM3.19, Petronas Chemical two sen to RM9.15, Petronas Gas added four sen to RM19.30 while Petronas Dagagan jumped 34 sen to RM25.34.